Question
Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $46,300 on a corporation's common stock are January
Entries for Cash Dividends
The declaration, record, and payment dates in connection with a cash dividend of $46,300 on a corporation's common stock are January 12, March 13, and April 12.
If no entry is required, select "No Entry Required" and leave the amount boxes blank.
Jan. 12 | Cash Dividends | ||
Cash Dividends Payable | |||
Mar. 13 | No Entry Required | ||
No Entry Required | |||
Apr. 12 | Cash Dividends Payable | ||
Cash |
1. Effect of Stock Split
Copper Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Copper Grill Restaurant Corporation, which had 57,000 shares of common stock outstanding, declared a 4-for-1 stock split.
a. What will be the number of shares outstanding after the split? shares
b. If the common stock had a market price of $96 per share before the stock split, what would be an approximate market price per share after the split? $ per share
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